Oppenheimer Expands Municipal Capital Markets Platform with Three Managing Director Hires
Oppenheimer (NYSE: OPY) on March 31, 2026 announced three managing director hires to expand its municipal capital markets platform.
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Rhea-AI Summary
Oppenheimer (NYSE: OPY) on March 31, 2026 announced three managing director hires to expand its municipal capital markets platform. The additions — Matt Davis, Lauren Carter, and Brendan Shanahan — bolster underwriting, sales and trading across competitive and negotiated municipal transactions.
The hires aim to strengthen Public Finance capabilities amid rising infrastructure demand and withdrawals by other market participants, supporting issuers and institutional and individual investors.
Positive
- 3 managing directors hired on March 31, 2026 to expand municipal platform
- Matt Davis brings nearly 30 years of fixed income experience
- Lauren Carter has underwritten financings ranging from $25M to $500M
Negative
- None.
Details
News Market Reaction – OPY
On Mar 31, the day this news came out, OPY closed 1.86% above the previous close.
Data tracked by StockTitan Argus for the Mar 31 session.
Key Figures
- Fixed income experience
- 30 years
- Matt Davis’ fixed income career length
- Municipal experience
- 25 years
- Lauren Carter’s municipal underwriting experience
- Institutional trading experience
- more than three decades
- Brendan Shanahan’s institutional municipal trading background
- Financing size (low end)
- $25 million
- Lower bound of financings Carter assisted issuers with
- Financing size (high end)
- $500 million
- Upper bound of financings Carter assisted issuers with
Historical Context
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Named co-heads of Equity Capital Markets, expanding ECM leadership bench.
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Created Debt Private Placements Group with new managing director hire.
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Added managing director to Public Finance group focusing on California.
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Reported record Q4 and full-year 2025 results with higher revenue and EPS.
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Declared $1.00 per share special cash dividend funded from existing cash.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
municipal bonds financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Additions coincide with growing infrastructure demand, a retreat by longtime market participants, and continued momentum in the firm's Public Finance business
The three hires significantly expand the firm's municipal underwriting, sales and trading capabilities and build on the strong momentum of Oppenheimer's broader Public Finance Team, led by Managing Director Beth Coolidge. They also come as infrastructure needs across the country continue to grow and as several institutions retreat from the municipal market.
With these additions, Oppenheimer is further strengthening a municipal platform designed to serve issuing and investing clients across underwriting, trading, and capital markets with consistency and scale. This continued investment will help support issuers seeking reliable capital partners, connect investors with attractive municipal opportunities, and help finance the infrastructure that benefits American communities.
"Oppenheimer has been active in municipal bonds for decades, and we know this is a market where relationships, experience, consistency of presence, and execution matter," said Peter Albano, Global Head of Fixed Income at Oppenheimer. "By expanding our capabilities, we are better positioned to meet the needs of issuers navigating a demanding environment and investors looking for thoughtful access to municipal opportunities. We believe this is the right time to deepen our commitment to a market that remains essential to communities across the country and a cornerstone of our product offering to individual and institutional investors."
Davis brings nearly 30 years of fixed income experience, recently serving as Head of Municipal Trading and Underwriting at Janney Montgomery Scott. He has led competitive and negotiated underwriting businesses, overseen institutional trading teams, and managed significant taxable and tax-exempt inventories with a disciplined focus on risk management and execution. He will report to Albano.
Carter, who will report to Davis, has nearly 25 years of municipal experience underwriting tax-exempt notes and bonds across both competitive and negotiated transactions. Recently, she was a Managing Director at Janney Montgomery Scott, where she assisted issuers on financings ranging from
Shanahan has more than three decades of institutional municipal trading experience, recently serving as Director of Municipal Bond Institutional Trading at Janney Montgomery Scott. Throughout his career, he has managed long-duration investment-grade municipal books, partnered closely with underwriting desks on new issues, and developed deep institutional client relationships. He will report to Mike Giliberto, Managing Director and Head of Municipal Trading.
"These hires meaningfully expand our capabilities across both Public Finance and Municipal Capital Markets," said Robert Lowenthal, President and CEO of Oppenheimer. "We have been building this platform over several years, and adding professionals of this caliber strengthens our ability to support issuers and investors while further deepening our municipal market capabilities. Our growth strategy in these areas is disciplined but deliberate, focused on thoughtful expansion while maintaining strong execution and a sharp focus on clients."
About Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc., through its Oppenheimer & Co. Inc. subsidiary and related entities, provides a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, businesses and institutions. For more information, please visit oppenheimer.com.
Media Contact:
Michael Dugan
Haven Tower Group LLC
424 317 4852
mdugan@haventower.com
View original content:https://www.prnewswire.com/news-releases/oppenheimer-expands-municipal-capital-markets-platform-with-three-managing-director-hires-302729671.html
SOURCE Oppenheimer & Co. Inc.
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